A valuation is not a survey
If there’s one misunderstanding we deal with daily, it’s that many mortgage applicants expect our valuer to conduct a survey when, in reality, he/she is there to carry out a mortgage valuation.
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RICS HomeBuyer Report
What is it?
- A detailed report providing you with information on the condition of the property you’re thinking of buying
- A breakdown of the most serious or urgent issues associated with the property
- A guide to the specialist advice you may need before you proceed with the purchase
- Ideally suited to properties built within the last 100 years, and certain older types of property.
What's included?
The RICS HomeBuyer Report provides you with information on the condition of the property you’re thinking of buying, together with advice to your solicitor.
Like the RICS Condition Report, the RICS HomeBuyer Report uses the traffic light colour coding system to rate individual elements of the property and highlight areas of concern, such as damp or structural movement. The level of detail enables you to judge the value of purchase in line with the cost of any future maintenance, repair and restoration works.
Click here to read the RICS’ description of the HomeBuyer Service in Scotland.
How does it differ from the RICS Condition Report?
In addition to the detail featured in the RICS Condition Report, the RICS HomeBuyer Report contains our professional advice on the issues that may affect the value of the property, together with a market valuation and an insurance reinstatement cost. It also provides you with advice on repairs and any ongoing maintenance requirements.
To make sure that our RICS HomeBuyer Report is the right report for you, click to view our helpful product comparison guide.
Are you buying a leasehold property?
Take a look at this advice from RICS regarding the purchase of leasehold properties.
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If you have any questions about our RICS HomeBuyer Reports,
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Advice for home buyers:
How many times should I view a house before buying?
While there’s no one-size-fits-all answer, it’s advisable to view a property more than once before taking the plunge. Here we’ll take you through some of the things to think about to help ensure you’re making an informed decision on your property purchase.
Homebuying: 6 things to consider when choosing where to live
Buying a house is expensive, but the more thorough your checks on your chosen area, the more likely you are to find somewhere you love and won’t want to abandon.
Great service overall. Detailed report and carried out in a professional manner.